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What Universities Don’t Teach You, But Revati Kasture Does: India’s Credit Story on The Simple Hai! Show
From India's credit health to career lessons and money lessons for women, this Simple Hai! episode with Revati Kasture is packed with insights you can't miss.
In this episode of Simple Hai!, host Vivek Law sits down with Revati Kasture, CEO of CareEdge, for a rare and deep conversation that combines India’s credit outlook with a deeply personal journey of growth and grounded ambition. If you care about India’s economy, financial responsibility, and career clarity, this podcast is made for you.
India’s Credit Report: Healthier Than Ever
Revati Kasture provides listeners with a clear view of India’s improving credit discipline and explains why she believes the country’s economic health is “very good” at present. The key reasons?
- The IBC (Insolvency and Bankruptcy Code) has transformed how corporate defaults are handled.
- Credit habits among companies have improved drastically.
- Corporate balance sheets are stronger, with reduced dependency on external debt.
- Top industrial firms (excluding banking) are now increasingly using their capital, as reflected in declining debt-to-equity ratios.
This isn’t just financial jargon; it’s a sign that India Inc. is maturing, and investors can take comfort in this.
Individual Borrowing: A Worrying Trend
While corporate credit is on the right track, personal borrowing is heading into risky territory. Kasture warns about the Buy Now, Pay Later (BNPL) culture and the growing use of high-interest personal loans.
“People are managing multiple EMIs and cards without realising they’re paying interest as high as 24%,” she says.
She adds that the RBI has already raised flags on unsecured loans, and although it’s not a full-blown crisis, microfinance lending to vulnerable populations is particularly risky.
Her message is loud and clear: Borrow with awareness, not convenience.
Credit Ratings Made Easy
One of the most useful parts of this episode is when Kasture demystifies how credit ratings work.
- India’s credit rating industry began in 1987-88.
- Agencies rate a company’s ability and willingness to repay on time but not individuals’ ability to repay on time.
- Ratings range from AAA (strongest) to D (default), with numerous intermediate levels in between.
- These are based on detailed analysis, from the economic environment to industry risks to the company’s competitive edge.
This section is pure gold for anyone trying to understand how ratings impact banks, investments, and debt markets.
A Career Fueled by Education and Courage
Revati’s journey is both unique and relatable. Growing up in a middle-class Maharashtrian family, she chose Commerce over Science—a bold move, given her high marks and societal expectations.
“My parents backed me, even when others wanted me to go the usual STEM route,” she recalls.
Inspired by her banker father, she slowly carved her space in the world of finance, proving that education is the real wealth and that non-traditional choices can lead to strong, fulfilling careers.
Work-Life Balance? It’s a Myth, She Says
Kasture offers a refreshing take on work-life balance:
“It’s not a perfect split. It tilts. That’s life.”
She explains that success stems from planning, seeking help, and establishing a support system. During her sabbatical for childcare, she taught management students, staying engaged without losing touch.
Her point is simple: You can manage both career and family, but it takes anticipation, attitude, and flexibility.
Beyond Numbers: Painting, Peace, and Purpose
Away from balance sheets and boardrooms, Revati finds peace in Lippan painting—a traditional Kutchhi art form. For her, creativity is therapy.
She also believes in giving back, particularly in promoting financial literacy among women.
“It’s not rocket science. If you can run a house, you can run your money.”
She urges schools to introduce basic financial knowledge from an early age and wants more women to claim financial freedom with confidence.
Financial Freedom Starts with Awareness
Revati Kasture’s Simple Hai! episode is not just a podcast—it’s a wake-up call. From the macro view of India’s economic strength to the micro issues of personal finance, she covers it all with warmth, clarity, and conviction.
Whether you’re an investor, a young professional, a student, or a homemaker wanting to take charge of your finances, this conversation can empower you.
Why You Shouldn’t Miss This Episode?
- Understand India’s credit health in simple words
- Learn about the risks of BNPL and personal loans
- Demystify how credit ratings work
- Hear the real story of a woman leader in finance
- Get practical advice on work, money, and mindset
Don’t just scroll past another finance video. Watch this episode of Simple Hai! with Revati Kasture because it’s full of the kind of knowledge you wish school or your University had taught you.